UAE: Implementation of new tax procedures executive regulation
The new executive regulation is generally effective as of 1 August 2023.
The new executive regulation is generally effective as of 1 August 2023.
The Ministry of Finance published a new executive regulation—Cabinet Decision No. (74) of 2023 on the Executive Regulation of Federal Decree-Law No. (28) of 2022 on Tax Procedures. The federal tax authority then published a tax procedures public clarification to clarify aspects related to implementation.
The new executive regulation is effective as of 1 August 2023 (with the exception to the provisions relating to the conditions for registering juridical tax agents, which will be effective 1 December 2023). The new executive regulation repeals Cabinet Decision No. (36) of 2017 on the Executive Regulation of Federal Law No. (7) of 2017 on Tax Procedures, and its amendments.
Key updates to the new tax procedures executive regulation include the articles concerning:
- Definitions
- Keeping records
- Period of recordkeeping
- Language
- Procedures of tax registration, deregistration, and amendment of registration data
- Submission of voluntary disclosure
- Conditions and controls for registration of tax agents
- Procedures for tax agent listing and delisting in the register
- Obligations and rights of tax agents
- Notice of tax audit
- Procedures and measures
- Reconciliation in tax evasion crimes
- Extension of deadlines
- Payment of tax and administrative penalties in cases of bankruptcy
Read an August 2023 report prepared by the KPMG member firm in the United Arab Emirates
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.